CLP Beacon - Business Issues and Solutions

Friday, October 9, 2015

Business Lessons from THE INTERN

I don’t normally do movie reviews; in fact, I have
never done them and this won’t be the traditional movie review. However, I wanted to write something about a
movie I saw Saturday nite called The
Intern, with Robert Di Niro cast as a 70 year old retired executive who
took up the role of an intern to a young female CEO of an e-commerce start-up.

I enjoyed this movie for several reasons. First, it takes place in the Park Slope area
of Brooklyn, NY, not too far from where I grew up. I resonate with things New York City. Second, the context of the movie is an
e-commerce start-up run by a young 30s woman who founded the company and is the
CEO. I can relate to that because I am
an angel investor with TechCoastAngels and I have heard pitches from similarly
situated women (and men) and have been a coach and mentor to these types of
companies and even worked for a few of these companies. Third, The Intern is a senior citizen and is
recruited to the firm when they thought that hiring senior interns was the
right thing to do. I can relate to that
character as a former executive and on the “wrong” side of 50. Di Niro feels he can have fun in the job and
has the passion and energy to help out.
I can relate to that as well.

Other than relating to the movie, the location, and the
characters, I found a few take-aways from a business perspective.

Everyone should find their passion. Age is not an issue for sharing passion,
having energy, or smarts. Witness Warren
Buffet and Charlie Munger, or Sam Walton when he was driving around in his
F-150 visiting stores in person across the country, or Arthur Blank, or
countless others who have a vision and desire to make a difference.

It is hard to manage two families- a business
family and a home family. Startups are like children and need to be
nourished. It is tiring and taxing to
manage the business and the people at work, and then go home to switch gears
and be a husband or wife or parent.

Leaders have to learn to delegate and not
take on everything themselves. In the movie, Anne Hathaway, the founder/CEO
tried to do everything herself and that caused part of the stress and almost
caused her to lose her company and her family.
A few months ago, I wrote a blog on two words that can help an
entrepreneur (or other businessperson) achieve success. Those two words are FOCUS and PODFU. The CEO needs to focus on what is important
and then plan, organize, delegate, and follow-up (that’s the PODFU) to ensure
things are on target.

Age is a state of mind to a large degree. I
have seen young executives who have no vision nor energy nor the passion and
drive to succeed. I have seen young
executives who don’t fit the culture of a company whereas some of the
“middle-people” felt right at home. And
interestingly, I have seen a senior generation fit in to a younger culture
because each group was willing to learn and listen. Why?
It’s what you bring to the table.

Context and experience cannot be taught but
can be applied. In The Intern, years of
management experience by Di Niro’s character proved helpful. And so did his affable, approachable and
helpful nature. He even taught the
younger generation what it meant to be a gentleman. Remember your handkerchief.
As Di Niro said in the movie, he is
everyone’s “uncle” yet his expertise from his prior career coupled with his
character helped the young CEO cope with the stresses of her business and
family.

I enjoyed The Intern as a good way to spend a couple of
hours and highly recommend it. It probably had more meaning to me given the
premise of the movie, where it took place, and the start-up environment. Rotten Tomatoes gave it a 59. I gave it nine pizza slices out of a
possible 10.